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Haarmann & Reimer sale

This article was originally published in The Rose Sheet

Executive Summary

As many as seven or eight parties are bidding for Harrmann & Reimer fragrance & flavors division, Bayer says. German specialty chemicals group Degussa, Swiss fragrance supplier Givaudan and institutional investors are among those who have entered non-binding bids for the business, company reports. Bayer, which is selling H&R to focus on its chemicals business, is on track to complete sale by summer ( 1"The Rose Sheet" March 18, 2002, In Brief)...

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